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India-US relations will be on a very firm footing with Trump's victory: Jyotiraditya Scindia

India-US relations will be on a very firm footing with Trump's victory: Jyotiraditya Scindia

Wed, Nov 06, 2024

India and US relationship will be on "a very firm footing" with Donald Trump returning to the White House, as the cooperation between the two nations extends from environment to technology, space and defence, Union Minister Jyotiraditya Scindia said Wednesday.

China's exports grow 7% in July, less than forecasts, while imports pick up pace

China's exports grow 7% in July, less than forecasts, while imports pick up pace

Wed, Aug 07, 2024

Imports climbed 7.2% to $215.9 billion, picking up momentum on stronger trade with other Asian countries that now supply many industrial components, materials and consumer products to China. Exports to the United States rose 2.4% year-on-year while shipments to Southeast Asian countries, now Beijing's biggest trading partner overall, jumped 11%.

Shortages key to copper's upward price trajectory to new peaks

Shortages key to copper's upward price trajectory to new peaks

Tue, Apr 23, 2024

A pick-up in manufacturing activity, particularly in top consumer China where surveys of purchasing managers have started to show expansion has also contributed to enthusiasm for copper which this week hit a two-year peak at $9,988 a ton for a gain of 25 per cent since early October.

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US lawmakers introduce legislation seeking strengthening of US-India partnership

US lawmakers introduce legislation seeking strengthening of US-India partnership

Fri, Apr 12, 2019

The bill H R 2123 was introduced this week by Congressman Joe Wilson, a senior member of the House Foreign Affairs Committee.

Techies Alert! US reaches H-1B visa cap for 2020

Techies Alert! US reaches H-1B visa cap for 2020

Sat, Apr 06, 2019

The USCIS received 232,972 H-1B cap-subject petitions in 2016 and in 2015, it received 172,581 cap-subjected petitions.

Indo-US trade: Commerce ministry proposes delaying retaliatory tariffs on US goods

Indo-US trade: Commerce ministry proposes delaying retaliatory tariffs on US goods

Fri, Mar 29, 2019

India has asked the U.S. administration to review its decision, two government officials with close knowledge of the matter said.

US Federal Reserve done raising interest rates; significant chance of cut in 2020: Reuters poll

US Federal Reserve done raising interest rates; significant chance of cut in 2020: Reuters poll

Fri, Mar 29, 2019

The change in the Fed`s tone lines up with other major central banks which have recently turned dovish, influenced by increasing concerns of a global economic slowdown and political uncertainties like Brexit and the U.S.-China trade war.

US to offer India alternative to Russian S-400 missile defence system

US to offer India alternative to Russian S-400 missile defence system

Thu, Mar 28, 2019

India's Defence Minister Nirmala Sitharaman and External Affairs Minister Sushma Swaraj and Secretary of State Mike Pompeo and then-Defence Secretary James Mattis of the US met in New Delhi for the first 2+2 meeting to enhance strategic cooperation between their countries. COMCASA was signed at the meeting.

India successfully tests anti-satellite weapon A-SAT, becomes elite space power: PM Modi

India successfully tests anti-satellite weapon A-SAT, becomes elite space power: PM Modi

Wed, Mar 27, 2019

Prime Minister Narendra Modi in his address to the nation on Wednesday said that India has attained anti-satellite capability, becoming the fourth such country in the world. He said that the mission was completed within 3 minutes and destroyed a low-earth orbiting satellite some 300 km away in the sky.

US Federal Reserve leaves interest rates unchanged

US Federal Reserve leaves interest rates unchanged

Fri, Mar 22, 2019

The FOMC, the Fed's monetary policymaking body, continues to view sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 per cent objective as the most likely outcomes, said the statement.

Boeing to upgrade stall prevention on 737 MAX: sources

Boeing to upgrade stall prevention on 737 MAX: sources

Fri, Mar 15, 2019

The aerospace giant held a conference call on Thursday with at least three carriers using the 737 MAX and gave them the fix, one source said, and the other airlines will get it early next week. Contacted by AFP, Boeing declined to comment.

Oil prices rise amid OPEC supply cuts, US sanctions on Iran and Venezuela

Oil prices rise amid OPEC supply cuts, US sanctions on Iran and Venezuela

Wed, Mar 13, 2019

Markets have been further tightened by the implementation of U.S. sanctions against oil exports from OPEC-members Iran and Venezuela.

India rejects US claims on import duties, says tariffs within global trade norms of WTO

India rejects US claims on import duties, says tariffs within global trade norms of WTO

Tue, Mar 05, 2019

Duties which are imposed on imported goods are called applied rates and the extent to which a country can increase those duties are known as bound rates.

US goods trade deficit deteriorates; factory orders edge up

US goods trade deficit deteriorates; factory orders edge up

Wed, Feb 27, 2019

The goods trade deficit jumped 12.8 percent to $79.5 billion in December, boosted also by an increase in imports. Exports fell 2.8 percent amid steep declines in shipments of foods, industrial supplies and capital goods. Imports increased 2.4 percent driven by food and capital and consumer goods.

Oil jumps after US crude stocks drop, OPEC stays firm on production cuts

Oil jumps after US crude stocks drop, OPEC stays firm on production cuts

Wed, Feb 27, 2019

Saudi Energy Minister Khalid al-Falih said the Organization of the Petroleum Exporting Countries and its partners were already "taking it easy" in response to a tweet from Trump on Monday, who told the group to "relax" on production cuts.

Gold steady near 10-month high; palladium hits record level

Gold steady near 10-month high; palladium hits record level

Tue, Feb 19, 2019

Palladium hit a record high of $1,459 an ounce in early trade as a sustained supply deficit boosted the autocatalyst metal

US-China trade talks: President Donald Trump receives update ahead of March 1 deadline

US-China trade talks: President Donald Trump receives update ahead of March 1 deadline

Sun, Feb 17, 2019

At a White House press conference on Friday, Trump said the talks with China were "very complicated" and that he might extend the March 1 deadline and keep tariffs on Chinese goods from rising.

Fed policymakers see one US rate hike, or none, as growth slows

Fed policymakers see one US rate hike, or none, as growth slows

Sat, Feb 16, 2019

It is not clear how widely those views are shared among all 17 Fed policymakers. Several other policymakers speaking this week were careful not to say how long they expected their own patience on rates to last.

HCL 5th among top 10 tech firms to receive H1-B visas certifications in US; Check which are other companies

HCL 5th among top 10 tech firms to receive H1-B visas certifications in US; Check which are other companies

Sat, Feb 16, 2019

At a time when the US move to limit H1-B visas has left major tech firms perturbed as it will seriously affect their ability to get and retain talented staff, Indian company HCL has secured 5,085 foreign labour certification for the H-1B work visas.

Cognizant to pay USD 25 mn to settle India bribery charges

Cognizant to pay USD 25 mn to settle India bribery charges

Sat, Feb 16, 2019

The SEC is seeking permanent injunctions, monetary penalties, and officer-and-director bars against Coburn and Schwartz.

Proud moment! India ranks 3rd globally in list of LEED green buildings

Proud moment! India ranks 3rd globally in list of LEED green buildings

Thu, Feb 14, 2019

While Mainland China tops the list with 1,494 projects totalling more than 68.83 sqmt of space, Canada ranks second with 3,254 projects of 46.81 sqmt followed by India at 899 projects.

US public debt at record high above $22 trillion

US public debt at record high above $22 trillion

Wed, Feb 13, 2019

Former Federal Reserve Chairman Alan Greenspan has warned that the rising public debt in the US could lead to the next economic recession.

IKEA accelerates services drive as competition stiffens

IKEA accelerates services drive as competition stiffens

Mon, Feb 11, 2019

"Anyone who sells furniture will have a delivery service," Kantar Retail analyst Ray Gaul said. "The difference will be that instead of having just a delivery service, IKEA are trying to give some assistance in designing your space, and that`s where TaskRabbit can be helpful."

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